Property Overview: 114 Burland Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This 1,088 sqft bungalow, built in 1986, presents a practical and affordable entry point into Winnipeg’s River Park South neighborhood. Its key appeal lies in its relative value and established location. While its living space is slightly above average for its own street, it sits below the neighborhood average, indicating a more compact and manageable footprint. This is reflected in its assessed value of $349k, which is notably below the River Park South average, suggesting a potentially lower property tax burden and an opportunity for buyers priced out of larger homes in the area.

The home would suit first-time buyers seeking a solid starter home in a mature suburb, or downsizers looking for a single-level living option without a premium price tag. A thoughtful perspective is its lot size (4,154 sqft), which is smaller than many in Winnipeg. For some, this means less yard maintenance; for others, it may limit expansion possibilities. Its consistent sale price range in recent years indicates a stable, predictable market value rather than speculative growth, appealing to those seeking a grounded, long-term investment.

Section 2: Frequently Asked Questions

1. Is this home a good value compared to others on the street?
Based on assessed value, this home ranks in the more affordable tier (top 88%) on Burland Avenue, priced below the street's average. Its living area, however, is above the street average. This combination suggests you may be getting more interior space per dollar here than with many immediate neighbors.

2. How does it compare to the wider River Park South area?
It is a more compact and affordable option for the neighborhood. The home’s living area and lot size are below the area averages, while its assessed value is significantly lower (top 90%). This positions it as a cost-effective way to access the neighborhood's amenities and community.

3. What does the year built (1986) indicate?
Built in 1986, this home is newer than the average Winnipeg house. This typically suggests modern construction standards, but buyers should still account for the potential need to update original components like windows, roofing, or major systems that are nearing the end of their lifespan.

4. Why are only sold price ranges shown, not exact figures?
Due to industry data rules, exact MLS sold prices cannot be displayed publicly on this site. The provided price ranges are based on publicly available data. You can request the exact historical sold prices via email from the site provider for verified figures.

5. What is the potential for future expansion or renovation?
The lot size is around average for the street but below average for the city. This may limit the possibility of a large addition or detached structure. Any expansion plans would need to carefully consider lot coverage bylaws. The existing above-average interior space for the street, however, offers a good foundation for interior reconfiguration.